Home > Terms > Armenian (HY) > միանշանակ առավելություն

միանշանակ առավելություն

This is the simplest yardstick of economic performance. If one person, firm or country can produce more of something with the same amount of effort and resources, they have an absolute advantage over other producers. Being the best at something does not mean that doing that thing is the best way to use your scarce economic resources. The question of what to specialize in--and how to maximize the benefits from international trade--is best decided according to comparative advantage. Both absolute and comparative advantage may change significantly over time.

0
Hozzáadás a Szójegyzékemhez

Mit szeretne mondani?

Hozzászólás közzétételéhez be kell jelentkeznie.

Terms in the News

Featured Terms

Isanyan
  • 0

    Terms

  • 0

    Szójegyzékek

  • 5

    Követő

Ipar/Tárgykör: Fashion Kategória: Brands & labels

Վիկտորիաս Սիքրեթ

A US retailer of premium quality women's fashion wear, lingerie and beauty products. Victoria's Secret is known for its annual fashion runway show, ...